Central banks in developed and emerging markets cut policy rates by a further 1.75 percentage points in December, trimming their average interest rate to 3.33 percent from 3.38 percent in November, cementing 2012 as a year of perpetual easing by major central banks to counter global economic weakness.
But higher rates in response to inflation by three (Malawi, Uruguay and Serbia) of the 88 central banks followed by Central Bank News meant the global average policy … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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